Oil could double in the next few years With all the stupidity happening in the middle east Oil could also be a hedge against Iran getting involved in this mess. At 86$/Barrell this could be the last time we are this low. I bought ZEO last week, BMO Oil and gas companies etf. 3% dividend. Heavy oil sands play. And conventional oil play. With some natural gas. All canadian companies. Just my 5 cents worth.
With this kind of geo-political insanity having insurance is prudent if not smart. I could see this thing spreading to Iran. That is my biggest fear. I guess in that kind of environment Gold would or could do well. Since Oil and gold have some link. But why not own both?